https://www.taxtmi.com/caselaws?id=195620 The Board found in favor of the petitioner-company in a case involving allegations of oppression and mismanagement under sections 397/398 of the Companies Act, 1956. The Board declared the allotment of additional shares to be void, directed the surrender of shares by one group, and mandated proper representation of the petitioner's nominees on the Board. The Board also addressed parallel legal proceedings in different High Courts and issued specific directives regarding share reissues, share purchases, and Board meeting representation. The petition was disposed of with no order as to costs. en-us Fri, 08 Dec 2000 00:00:00 +0530 Mon, 06 Nov 2017 10:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195620 The Board found in favor of the petitioner-company in a case involving allegations of oppression and mismanagement under sections 397/398 of the Companies Act, 1956. The Board declared the allotment of additional shares to be void, directed the surrender of shares by one group, and mandated proper representation of the petitioner's nominees on the Board. The Board also addressed parallel legal proceedings in different High Courts and issued specific directives regarding share reissues, share purchases, and Board meeting representation. The petition was disposed of with no order as to costs. Case-Laws Companies Law Fri, 08 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195620